NEWTEK Business Services Corp (NASDAQ:NEWT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded NEWTEK Business Services Corp (NASDAQ:NEWT) to Sell in a report released on 10/18/2016.
Previously on 8/3/2015, Singular Research reported on NEWTEK Business Services Corp (NASDAQ:NEWT) increased the target price from $20.00 to $22.00. At the time, this indicated a possible upside of 0%.
Yesterday NEWTEK Business Services Corp (NASDAQ:NEWT) traded 1.01% higher at $13.95. The company’s 50-day moving average is $13.94 and its 200-day moving average is $13.10. The last closing price is up 6.48% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 33,690 shares of the stock traded hands, down from an average trading volume of 86,386
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NEWTEK Business Services Corp has a 52 week low of $9.37 and a 52 week high of $17.80 with a P/E ratio of 5.66 The company’s market cap is currently $0.
General Information About NEWTEK Business Services Corp (NASDAQ:NEWT)
Newtek Business Services Corp. is a non-diversified closed-end management investment company. The Company is engaged in non-bank lending providing a range of business services and financial products under the Newtek brand to the small- and medium-sized business (SMB) market. Its products and services consist of Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), e-commerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll Solutions. The Company offers services along with its controlled portfolio companies. The Company's portfolio consists of guaranteed and unguaranteed non-affiliate loan investments that are through its small business finance platform.
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